Bryn Davies

@daviesofbrixton.bsky.social

Trade union actuary; currently a Labour Party member of the House of Lords

@morganvine.bsky.social gets it spot on. The real debate now is what is the right level for the State Pension. It should not be based just on what it happens to be in 2030.

Independent Age@independentage.bsky.social · 2d ago

Director of Policy & Influencing @morganvine.bsky.social joined BBC Breakfast this AM to respond to the PM's proposal for a State Pension double lock. Every day we hear from older people struggling to make ends meet. With any changes, we must ensure pensioners have the income they need to live well

This is getting bonkers! The idea that social care could be funded by scrapping the triple-lock makes no sense. We simply don’t know what abolition would save, if anything at all, apart from some speculative figures from the OBR. We do know that a social care service will be expensive.

Speculation in the FT about abolition of the triple-lock. What it doesn’t say is that the main political problem faced by arguments for abolishing the triple lock is that it doesn’t save any money over the period up to the next election.

So much of the right these days have a massive patriotism problem. This guy: - is a tax exile (left long before this govt) - hates his own country while complaining he doesn’t get big enough subsidies from it - laments the manufacturing hit from a Brexit he supported www.bbc.co.uk/news/article...

Billionaire Manchester United owner Sir Jim Ratcliffe says he has lost confidence in UK

Ineos founder Sir Jim Ratcliffe tells the BBC he thinks the country is "on the slide" and calls for more investment in the North Sea.

bbc.co.uk

Okay. Rephrase my question. For me the question to ask about John Healey as CEx is would he have spotted the political bear-trap posed by the Winter Fuel Payment? More broadly, have the welfare hawks learnt any lessons?

For me the question to ask about Shabana Mahmood as potential CEx is would she have spotted the political bear-trap posed by the Winter Fuel Payment? More broadly, have the welfare hawks learnt any lessons?

Spent a lot of time recently looking at pensions of relatively modest earners in quite economically important sectors. Loads on auto-enrolment minimum contributions or close to it. The state pension is going to be a (the?) major chunk of their income. The attacks on it on so wrong-headed.

Devoured by private equity. Bernard Matthews Body Shop Byron Burger Casual Dining Cath Kidson Claire’s Comet Debenhams Flybe Four Seasons Health Care Homebase Maplin Thousands of jobs lost, supply chains destroyed, creditors not paid, pension rights lost, taxes dodged. Yet govts venerate PE.

The finance curse is devouring the UK

Prem Sikka is an Emeritus Professor of Accounting at the University of Essex and the University of Sheffield, a Labour member of the House of Lords, and Contributing Editor at Left Foot Forward. Th...

leftfootforward.org

🧵 With a leadership contest apparently imminent, it got me thinking about the first Labour leadership campaign I worked on … No, not Jeremy Corbyn in 2015, but nine years earlier – the John4Leader campaign, which began in 2006 shortly after Blair had set a timetable for his departure ... 1/n

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Big news. Report stage of Pension Schemes Bill, the Minister announces, in response to the “Byrne amendment” they will introduce legislation on how trustees should allow for structural factors such as climate risk and members’ standards of living when they are making investment decisions.

The FT reports that the Chancellor said the government would make sure those only receiving the basic or new state pension “do not have to pay small amounts of tax through Simple Assessment from April 2027”. Easily said but harder to deliver. The problem is with the word “only”. 1/3

The problem posed by frozen tax thresholds being overtaken by index linked state pensions is to be tackled by the government via “Simple Assessment” from 2027-28 onwards. It will be “exploring the best way to achieve this”.